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Side-by-side financial comparison of Inspired Entertainment, Inc. (INSE) and Viridian Therapeutics, Inc.\DE (VRDN). Click either name above to swap in a different company.

Inspired Entertainment, Inc. is the larger business by last-quarter revenue ($77.2M vs $70.6M, roughly 1.1× Viridian Therapeutics, Inc.\DE). Inspired Entertainment, Inc. runs the higher net margin — -9.3% vs -49.0%, a 39.7% gap on every dollar of revenue. On growth, Viridian Therapeutics, Inc.\DE posted the faster year-over-year revenue change (81958.1% vs -6.8%). Inspired Entertainment, Inc. produced more free cash flow last quarter ($-9.9M vs $-84.7M).

Alchemy Copyrights, LLC, doing business as Concord, is an independent American entertainment company. It develops, manages and acquires sound recordings, music publishing rights, theatrical performance rights, and narrative content for film and television. Concord is majority owned by the State of Michigan Retirement System.

Viridian Therapeutics is a clinical-stage biotechnology firm developing novel disease-modifying therapies for rare, serious autoimmune and inflammatory diseases. Its lead pipeline candidate targets thyroid eye disease, a debilitating orbital disorder, with primary market focus on North America and Europe.

INSE vs VRDN — Head-to-Head

Bigger by revenue
INSE
INSE
1.1× larger
INSE
$77.2M
$70.6M
VRDN
Growing faster (revenue YoY)
VRDN
VRDN
+81964.9% gap
VRDN
81958.1%
-6.8%
INSE
Higher net margin
INSE
INSE
39.7% more per $
INSE
-9.3%
-49.0%
VRDN
More free cash flow
INSE
INSE
$74.8M more FCF
INSE
$-9.9M
$-84.7M
VRDN

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
INSE
INSE
VRDN
VRDN
Revenue
$77.2M
$70.6M
Net Profit
$-7.2M
$-34.6M
Gross Margin
Operating Margin
14.6%
-56.7%
Net Margin
-9.3%
-49.0%
Revenue YoY
-6.8%
81958.1%
Net Profit YoY
-110.7%
54.9%
EPS (diluted)
$-0.24

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
INSE
INSE
VRDN
VRDN
Q4 25
$77.2M
Q3 25
$86.2M
$70.6M
Q2 25
$80.3M
Q1 25
$60.4M
Q4 24
$82.8M
Q3 24
$77.2M
Q2 24
$74.8M
Q1 24
$62.3M
Net Profit
INSE
INSE
VRDN
VRDN
Q4 25
$-7.2M
Q3 25
$-1.9M
$-34.6M
Q2 25
$-7.8M
Q1 25
$-100.0K
Q4 24
$67.0M
Q3 24
$2.8M
Q2 24
$1.4M
Q1 24
$-6.4M
Gross Margin
INSE
INSE
VRDN
VRDN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
74.5%
Operating Margin
INSE
INSE
VRDN
VRDN
Q4 25
14.6%
Q3 25
11.3%
-56.7%
Q2 25
9.8%
Q1 25
2.6%
Q4 24
15.6%
Q3 24
14.5%
Q2 24
11.6%
Q1 24
-3.4%
Net Margin
INSE
INSE
VRDN
VRDN
Q4 25
-9.3%
Q3 25
-2.2%
-49.0%
Q2 25
-9.7%
Q1 25
-0.2%
Q4 24
80.9%
Q3 24
3.6%
Q2 24
1.9%
Q1 24
-10.3%
EPS (diluted)
INSE
INSE
VRDN
VRDN
Q4 25
$-0.24
Q3 25
$-0.07
Q2 25
$-0.27
Q1 25
$0.00
Q4 24
$2.29
Q3 24
$0.10
Q2 24
$0.05
Q1 24
$-0.22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
INSE
INSE
VRDN
VRDN
Cash + ST InvestmentsLiquidity on hand
$490.9M
Total DebtLower is stronger
$363.2M
Stockholders' EquityBook value
$-16.2M
$503.0M
Total Assets
$439.9M
$577.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INSE
INSE
VRDN
VRDN
Q4 25
Q3 25
$490.9M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Total Debt
INSE
INSE
VRDN
VRDN
Q4 25
$363.2M
Q3 25
Q2 25
Q1 25
Q4 24
$313.2M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
INSE
INSE
VRDN
VRDN
Q4 25
$-16.2M
Q3 25
$-9.0M
$503.0M
Q2 25
$-9.5M
Q1 25
$-2.2M
Q4 24
$-3.3M
Q3 24
$-78.2M
Q2 24
$-77.1M
Q1 24
$-80.3M
Total Assets
INSE
INSE
VRDN
VRDN
Q4 25
$439.9M
Q3 25
$485.8M
$577.1M
Q2 25
$486.8M
Q1 25
$458.9M
Q4 24
$438.4M
Q3 24
$388.6M
Q2 24
$326.6M
Q1 24
$331.1M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
INSE
INSE
VRDN
VRDN
Operating Cash FlowLast quarter
$1.2M
$-84.6M
Free Cash FlowOCF − Capex
$-9.9M
$-84.7M
FCF MarginFCF / Revenue
-12.8%
-120.1%
Capex IntensityCapex / Revenue
14.4%
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$16.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INSE
INSE
VRDN
VRDN
Q4 25
$1.2M
Q3 25
$10.1M
$-84.6M
Q2 25
$15.2M
Q1 25
$25.5M
Q4 24
$6.9M
Q3 24
$21.2M
Q2 24
$-2.4M
Q1 24
$6.0M
Free Cash Flow
INSE
INSE
VRDN
VRDN
Q4 25
$-9.9M
Q3 25
$4.3M
$-84.7M
Q2 25
$5.6M
Q1 25
$16.3M
Q4 24
$1.6M
Q3 24
$16.8M
Q2 24
$-5.3M
Q1 24
$1.6M
FCF Margin
INSE
INSE
VRDN
VRDN
Q4 25
-12.8%
Q3 25
5.0%
-120.1%
Q2 25
7.0%
Q1 25
27.0%
Q4 24
1.9%
Q3 24
21.8%
Q2 24
-7.1%
Q1 24
2.6%
Capex Intensity
INSE
INSE
VRDN
VRDN
Q4 25
14.4%
Q3 25
6.7%
0.2%
Q2 25
12.0%
Q1 25
15.2%
Q4 24
6.4%
Q3 24
5.7%
Q2 24
3.9%
Q1 24
7.1%
Cash Conversion
INSE
INSE
VRDN
VRDN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.10×
Q3 24
7.57×
Q2 24
-1.71×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

INSE
INSE

Gaming$36.3M47%
Interactive$17.8M23%
Leisure$13.7M18%
Product Sales$8.8M11%

VRDN
VRDN

Segment breakdown not available.

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